Examples of Land Use Rights Grant Contract in a sentence
On 12 December 2013, Bund Riverside signed the Land Use Rights Grant Contract of State-owned Land with the Planning and Land Administration Bureau of Huangpu District (上海市黃浦區規劃和土地管理局).
The Directors believe that the terms of the Confirmation Letter and Land Use Rights Grant Contract and the transaction contemplated thereunder are fair and reasonable and are in the interest of the Company and the Shareholders as a whole.
None of the Directors have any material interest in the Confirmation Letter or Land Use Rights Grant Contract.
None of the Directors have any material interest in the Acquisition and the Land Use Rights Grant Contract.
The Target Company has obtained the Project Land and signed the State-owned Land Use Rights Grant Contract with the Land and Resources Bureau of Yantai City (煙台市國土資源局) in respect of the Project Land on 15 December 2010 with a grant term of 40 years, but has not obtained the State-owned Land Use Right Certificate for the Project Land.
Completion of construction : On or before 31 May 2026, subject to the terms of the Beijing Land Use Rights Grant Contract.
RECOMMENDATION The Directors (including the independent non-executive Directors) consider that the terms of the Confirmation Notice and the Land Use Rights Grant Contract in respect of the Acquisition are fair and reasonable and in the interests of the Company and its Shareholders as a whole.
Based on the Beijing Land Use Rights Grant Contract, if there is any delay in completion of construction, the Beijing Project Company is liable to pay the Beijing Planning and Natural Resources Bureau a penalty equivalent to 0.1% of the Beijing Consideration relating to the delayed portion per day for the delay.
PROSPECTUS SUMMARY (CONT'D) No.(ii)NameKey senior managementDesignation Yong Wai Chien Heng Kok Wee Tan Chia LoonJames Pang Yun MingChief Operating Officer Chief Financial Officer Senior Manager - MarketingExecutive Director of MST Golf SingaporePlease refer to Sections 9.2 and 9.4 of this Prospectus for further details of our Directors and key senior management.
A supplemental agreement to the Suzhou Land Use Rights Grant Contract is expected to be entered into among the Suzhou Natural Resources and Planning Bureau, Zhuoyuan Property and the Suzhou Project Company on or before 30 June 2022, pursuant to which the Suzhou Project Company will hold the Suzhou Land upon completion of the Suzhou Acquisition.